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2909 Beverly Blvd

3,000 SF Retail Building Los Angeles, CA 90057 $2,834,940 CAD ($945 CAD/SF) 5% Cap Rate

Investment Highlights

  • Excellent Walker’s Paradise (90) Excellent Transit Score (71)

Executive Summary

Discover an exceptional development/investment opportunity at 2909 Beverly Blvd, Los Angeles, CA. This commercial(C2) property, totaling approximately 9,252 square feet of land, offers a low price point of $216 per square foot, making it an irresistible offer in the bustling heart of Los Angeles.
Strategically located near key community hubs, the lot is nestled between the vibrant Echo Park and the trendy Silver Lake neighborhoods, providing an exceptional quality of life and convenient access to local amenities. This property is just a short distance from the Vermont/Santa Monica Metro Rail Station, enhancing connectivity to the broader Los Angeles area.
Ideal for developers, this site can accommodate roughly 36 units, utilizing Transit Oriented Community Tier 1 incentives, further sweetened by its eligibility under the ED 1 site opportunity. Whether you’re looking to build residential units, offices, or retail spaces, this location provides a versatile canvas.
In addition, its proximity to McArthur Park, the LaFayette Recreation Center, and the diverse cultural scene of Koreatown offers potential owners or tenants a rich palette of outdoor and cultural activities. The Westlake and Downtown Los Angeles areas further envelop this locale with their dynamic city scenes.
This lot is currently owner-used and can be delivered vacant, offering a straightforward transition for new ownership. Its potential for extensive development or use as an upscale business locale makes it a prime piece of real estate in one of Los Angeles’s most sought-after districts.
Embrace the opportunity to own a piece of Los Angeles’ thriving and diverse community, where possibilities are expansive. This location promises not just a space, but a potential landmark in one of the city's fastest-growing areas.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Retail
Building Size
3,000 SF
Building Class
B
Year Built/Renovated
1951/2023
Price
$2,834,940 CAD
Price Per SF
$945 CAD
Cap Rate
5%
NOI
$141,747 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Land Acres
0.22 AC
Zoning
LAC2 - Commercial
Parking
8 Spaces (2.66 Spaces per 1,000 SF Leased)
Frontage
80 ft on Beverly Boulevard
Walk Score ®
Walker's Paradise (90)
Transit Score ®
Excellent Transit (71)
Bike Score ®
Very Bikeable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Lucky's Market
Smart & Final
North Island Credit Union
California Credit Union
Citi
Vons
U.S. Bank
Starbucks
Sizzler
First Citizens Bank & Trust

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5156-019-025
Land Assessment
$656,819 CAD
Improvements Assessment
$437,876 CAD
Total Assessment
$1,094,695 CAD
  • Listing ID: 31783802

  • Date on Market: 2024-05-13

  • Last Updated:

  • Address: 2909 Beverly Blvd, Los Angeles, CA 90057

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